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Changes to investment incentives' regime approved by parliament and signed by president

25 July 2012

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Approved Changes

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Czech Republic

As previously reported, the Government had prepared a bill introducing changes to the investment incentives' regime. On 25 April 2012, the bill was approved by the Senate. On 17 May 2012, the bill introducing changes to the investment incentives' regime was signed into law by the president The final changes to the investment incentives' regime, as approved by the parliament, are summarized below: -   income tax relief can be claimed for a period of 10 consecutive years (currently, 5 years); -   income tax relief will be available in respect of investments in technological centres and strategic services centres...